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re: "Real" value of a Roth IRA
Posted on 1/30/13 at 9:35 am to Broke
Posted on 1/30/13 at 9:35 am to Broke
Do you have to pull all the money out of an IRA once you hit 60?
Say you had a traditional IRA, could you just pull out the money in amounts that are slightly lower than higher tax brackets every year?
Say you had a traditional IRA, could you just pull out the money in amounts that are slightly lower than higher tax brackets every year?
1
Posted on 1/30/13 at 9:44 am to GenesChin
quote:
Do you have to pull all the money out of an IRA once you hit 60?
You don't have to take any money out until you reach 70-1/2 when you have to begin taking at least a minimum distribution. The exact amount of the distribution is based on your age but it's about 4% of the principal each year.
This post was edited on 1/30/13 at 9:45 am
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